Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$107,779$107,779$356,399
Remaining term (yrs)16.216.230.0
Secondary amount$0$248,621$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.682%7.560%
1st payment$715.80$715.80$2,448.21
2nd payment$0.00$1,605.67$0.00
Taxes / mo$330.00$330.00$330.00
Insurance / mo$150.00$150.00$150.00
MI / mo$114.76$114.76$71.28
HOA / mo$90.00$90.00$90.00
Total monthly$1,400.55$3,006.23$3,089.49
Cash to close$288,220$39,600$39,600